The French Monetary Markets Authority (AMF) has disclosed its prime focus areas of motion and supervisory priorities for 2023. The watchdog introduced the brand new plan on Monday in an announcement printed on its web site.
The regulator’s priorities for motion embody to advertise retail investors-focused finance, actively work with the European Securities and Markets Authority (ESMA) on “supervisory convergence,” develop regulatory framework to advertise sustainable finance and fight greenwashing in addition to enshrine sturdy and environment friendly supervision.
Within the first focus space, AMF intends to behave to make sure that its monetary schooling is healthier focused at retail buyers.
“The AMF will search out new channels to boost public consciousness of the chance of scams, which is constant unabated, and can draw on the teachings realized from its thriller visits and inspection campaigns to encourage distributors to market merchandise which are genuinely tailored to the totally different investor profiles,” the regulator defined.
Moreover, to be able to obtain “supervisory convergence,” AMF says it would work on liquidity administration by funding funds in collaboration with the Monetary Stability Board and the Worldwide Group of Securities Commissions. As well as, the regulator intends to help the implementation of recent legislations such because the European Regulation on Markets in Crypto Property (MiCA).
Watch this Finance Magnates London Summit 2022 session to know what is predicted in fintech regulation this yr.
On Sustainable finance, AMF says it would help listed firms and asset managers in complying with key sustainable monetary laws The regulator additionally promised to overview the primary stories submitted by listed firms on their financial actions which are thought-about to be environmentally sustainable.
Moreover, AMF famous that it’ll adapt its instruments and guard its enforcement coverage to be able to keep up-to-date with adjustments in behaviour and expertise.
AMF’s Supervisory Priorities for 2023
In the meantime, AMF’s supervisory priorities for this yr covers numerous classes of market members. For funding administration corporations, the regulator stated it would concentrate on cybersecurity preparations, monetary administration delegations and the appliance of the Sustainable Monetary Disclosure Regulation (SFDR). For market intermediaries and infrastructures, the regulator plans to go looking its beam gentle on the standard of post-trade transparency information and cross-border actions, amongst different steps.
Moreover, the monetary markets supervisor says it would concentrate on how advertising and marketing is completed in distribution banking networks, what advertising and marketing supplies are used and the way investor claims are dealt with, amongst different measures.
The French Monetary Markets Authority (AMF) has disclosed its prime focus areas of motion and supervisory priorities for 2023. The watchdog introduced the brand new plan on Monday in an announcement printed on its web site.
The regulator’s priorities for motion embody to advertise retail investors-focused finance, actively work with the European Securities and Markets Authority (ESMA) on “supervisory convergence,” develop regulatory framework to advertise sustainable finance and fight greenwashing in addition to enshrine sturdy and environment friendly supervision.
Within the first focus space, AMF intends to behave to make sure that its monetary schooling is healthier focused at retail buyers.
“The AMF will search out new channels to boost public consciousness of the chance of scams, which is constant unabated, and can draw on the teachings realized from its thriller visits and inspection campaigns to encourage distributors to market merchandise which are genuinely tailored to the totally different investor profiles,” the regulator defined.
Moreover, to be able to obtain “supervisory convergence,” AMF says it would work on liquidity administration by funding funds in collaboration with the Monetary Stability Board and the Worldwide Group of Securities Commissions. As well as, the regulator intends to help the implementation of recent legislations such because the European Regulation on Markets in Crypto Property (MiCA).
Watch this Finance Magnates London Summit 2022 session to know what is predicted in fintech regulation this yr.
On Sustainable finance, AMF says it would help listed firms and asset managers in complying with key sustainable monetary laws The regulator additionally promised to overview the primary stories submitted by listed firms on their financial actions which are thought-about to be environmentally sustainable.
Moreover, AMF famous that it’ll adapt its instruments and guard its enforcement coverage to be able to keep up-to-date with adjustments in behaviour and expertise.
AMF’s Supervisory Priorities for 2023
In the meantime, AMF’s supervisory priorities for this yr covers numerous classes of market members. For funding administration corporations, the regulator stated it would concentrate on cybersecurity preparations, monetary administration delegations and the appliance of the Sustainable Monetary Disclosure Regulation (SFDR). For market intermediaries and infrastructures, the regulator plans to go looking its beam gentle on the standard of post-trade transparency information and cross-border actions, amongst different steps.
Moreover, the monetary markets supervisor says it would concentrate on how advertising and marketing is completed in distribution banking networks, what advertising and marketing supplies are used and the way investor claims are dealt with, amongst different measures.
